RTX Corporation $RTX Shares Purchased by Orion Capital Management LLC

Key Points

• Orion Capital Management LLC increased its stake in RTX Corporation by 574.1% during Q1, now owning 6,337 shares valued at $839,000.
• Several institutional investors, including Vanguard Group and Northern Trust Corp, have also raised their stakes in RTX, with institutional ownership now at 86.50%.
• RTX recently disclosed a quarterly dividend of $0.68, representing an annualized dividend yield of 1.7% and a payout ratio of 59.78%.

Orion Capital Management LLC increased its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 574.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,337 shares of the company's stock after purchasing an additional 5,397 shares during the period. Orion Capital Management LLC's holdings in RTX were worth $839,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new position in RTX during the first quarter worth about $26,000. 10Elms LLP purchased a new position in RTX during the fourth quarter worth about $29,000. Greenline Partners LLC purchased a new position in RTX during the fourth quarter worth about $34,000. Summit Securities Group LLC purchased a new position in RTX during the first quarter worth about $40,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in RTX during the fourth quarter worth about $43,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Bank of America increased their price target on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $154.00 price target on shares of RTX and gave the stock a "market perform" rating in a report on Friday, July 11th. JPMorgan Chase & Co. upped their target price on shares of RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada restated an "outperform" rating and set a $170.00 target price (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Finally, Cowen restated a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $158.67.

Insiders Place Their Bets

In other news, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the sale, the executive vice president directly owned 16,538 shares in the company, valued at $2,275,959.56. This represents a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,589 shares of company stock valued at $7,126,389. Corporate insiders own 0.15% of the company's stock.

RTX Price Performance

RTX traded up $0.41 on Wednesday, hitting $159.98. 2,991,223 shares of the company were exchanged, compared to its average volume of 3,969,021. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The business's fifty day moving average is $151.66 and its 200 day moving average is $137.96. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $160.21. The firm has a market capitalization of $214.14 billion, a P/E ratio of 35.16, a price-to-earnings-growth ratio of 2.94 and a beta of 0.69.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, sell-side analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. RTX's dividend payout ratio is presently 59.78%.

About RTX

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.